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Retirement tax questions
This TurboTax Help states:
- For 2020, even if you don’t itemize, you may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualified organizations.
If you are in TurboTax Online, the screen Charitable Cash Contributions under CARES Act appears as the end of Deductions & Credits. First you have to pass the screen Based on what you told us, the standard deduction is best for you at the end of Deductions & Credits.
But you have to qualify for the standard deduction before the screen appears.
Follow these steps:
- At the top of the screen, click on Deductions & Credits.
- Scroll to the bottom of the page and click on Wrap up tax breaks.
- Continue through several screens.
- At the screen Based on what you told us, the standard deduction is best for you, click Continue.
- At the screen Any Charitable Cash Contributions? enter the dollar amount of charitable contributions paid by cash not to exceed $300 ($150 for married filing separately).
- Continue through Federal Review to make sure that things look correct.
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February 15, 2021
8:08 AM